Guideline Value for Thadirathinam Street Block 85

Thadirathinam Street Block 85 guideline value

The current guideline value of Thadirathinam Street Block 85 is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thadirathinam Street Block 85 has changed

Over the years, the guideline value for Thadirathinam Street Block 85 has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, followed by a decrease to Rs 2,512 per sq.ft in 2017. The value then rose sharply to Rs 3,750 per sq.ft in 2023, before reaching the current value of Rs 4,100 per sq.ft in 2024. The revisions for 2002 and 2003 do not have figures recorded for this street.

From 2007 to 2012, the value increased by 369%. However, it dropped by 33% from 2012 to 2017. The period from 2017 to 2023 saw a significant increase of 49%, and from 2023 to 2024, the value rose by 9%. Overall, from 2007 to 2024, there has been an increase of 413% in the guideline value.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Thadirathinam Street Block 85's 2024 figure below that median.

• Thambiya Reddy Main Road: Rs 7,700 per sq.ft (2024)
• Thandavagramini Street: Rs 3,300 per sq.ft (2024)
• Thangavelu Nagar: Rs 3,300 per sq.ft (2024)
• Thanthai Periyar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Swamy Nathan Street: Rs 4,100 per sq.ft (2024)
• S.V. Nagarathinam Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thadirathinam Street Block 85

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thadirathinam Street Block 85?

The Sub Registrar Office that covers Thadirathinam Street Block 85 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is a crucial factor when registering a property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the registration office uses the guideline value to calculate the necessary fees. This ensures that both parties are aware of the financial implications involved in the transaction, helping to facilitate a smoother registration process.

Frequently asked questions

What is the current guideline value of Thadirathinam Street Block 85?

The current guideline value of Thadirathinam Street Block 85 is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, reflecting an overall increase of 413% over this period.

What is the land classification for Thadirathinam Street Block 85?

Thadirathinam Street Block 85 is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thadirathinam Street Block 85?

The Sub Registrar Office for Thadirathinam Street Block 85 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Thadirathinam Street Block 85?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,87,000.